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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Capital Market (Equity, Mutual Funds), Market Moves more

Turkey ready for joint bourse index with Gulf, plans Sukuk

Posted on 02 March 2012

Istanbul Stock Exchange (İMKB) Head İbrahim Turhan said Turkey, Dubai and Abu Dhabi had agreed in principle to launch a joint index, as studies continued for such an attempt with Egypt. Plans for sukuk (Islamic banking) bonds are also on the way, Turhan said, speaking on the second day of the Arab-Turkish Banking and Finance Forum in Istanbul.
Turhan pointed out that the Turkish economy presented strong opportunities, with the İMKB having a total yearly turnover of $400 billion and a daily turnover of $1.1 billion…………………………………………Full Article: Source

 
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